Voluntary Property Damage is essential for businesses that provide services at a customer’s home or office. If you are looking to expand your business and want more customers, Voluntary property damage insurance will be an essential part of the process.

A standard general liability insurance policy includes property damage coverage, which will provide funds if you or one of your employees causes property damage to another person’s company’s properties. However, general liability policies generally have a specific exclusion for temporary items in their care. This is where Voluntary Property Damage comes into play- it provides extra protection that compensates the people who suffer from this type of neglect!

Example: 

When your employee accidentally trips and breaks a glass wall divider, you have every reason to believe our Voluntary Property Damage endorsement covers the incident. This policy will provide funds for repairing the broken property and any injuries or damages that may happen on-site while working!

Who needs Voluntary Property Damage coverage?

Voluntary Property Damage is significant for contractors and cleaning services that must travel to various client locations. When you conduct business on the third-party property, it can often be seen as under your care, custody, or control. Voluntary Property Damage would financially protect your company should you unintentionally damage third-party property through the course of operations due to work-related duties.

What does Voluntary Property Damage exclude?

Voluntary Property Damage does not cover:

  • Damage covered by another policy, like your standard general liability policy 
  • Damage caused intentionally 
  • Damage to any property that you or one of your employees owns or rents

Example: 

Your business is hired to paint the outside of a home, and one of your employees breaks a window during the job. It was later discovered that they were rude, so he intentionally damaged it as revenge, but this does not fall under an exclusion since our insurance policy covers intentional damage.

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Imelda worked for a decade in finance, in an international Fintech company where she experienced all the best technology and advancement can offer finance companies. This inspired her to create a platform where she may help others who can make good use of sound business ideas that may help businesses flourish.
Imelda worked for a decade in finance, in an international Fintech company where she experienced all the best technology and advancement can offer finance companies. This inspired her to create a platform where she may help others who can make good use of sound business ideas that may help businesses flourish.